- XRP breaks short term support.
- Medium term ranged, long term shaky.
Ripple, the payments solutions cryptocurrency with sky high ambitions to solve and streamline international payments solutions market, has broken down of a short term ascending trendline support while medium term still remains in a range.
XRP/USD is down about 2 percent on day at $0.275, tad above the day’s low. Ripple bulls have lost the momentum as it has broken down of a key ascending trendline support on the 30-minute chart and now is headed towards its medium term support of $0.25.
There comes medium term trendline support for this crypto while on the upside ranges keep coming lower, thanks to descending trendline on the 480-minute chart, which for now, is placed at $0.30.
XRP/USD 30-minute chart:
XRP/USD 480-minute chart: